Botswana Nears Deal to Increase De Beers Stake to 25%

Key Facts

1The Botswana government is nearing an agreement to increase its stake in diamond miner De Beers to approximately 25%.

The Botswana government is nearing an agreement to increase its stake in diamond miner De Beers to approximately 25%. Bloomberg reported that the move is part of a broader renegotiation of long-standing diamond sales and mining agreements between the nation and the company.

The negotiations with De Beers, which is owned by Anglo American, aim to ensure a larger share of revenues for the state. De Beers remains the world's leading diamond producer, and this potential deal represents a significant shift in the ownership structure between the government and its international partners.